Trading based on strategies requires precision, speed, and seamless execution. For most traders, it’s a complex process involving multiple screens, countless data points, and the manual execution of multiple orders. Whether it’s analysing market trends, assessing open interest (OI), or identifying resistance and support levels, traders must juggle between charts, OI analysis tools, and order placement screens. This not only takes time but increases the chances of missing opportunities in fast-moving markets.
The Challenge of Strategy-Based Trading
Take a common example: a trader wants to execute a bear call credit spread strategy. To do this, they need to:
- Analyse the Trend: Identify whether the index is likely to move lower.
- Assess Resistance Levels: Use charts and OI data to pinpoint key resistance levels.
- Place Multiple Orders: Whether the user wants to place spreads or condors, place up to 20 orders in one swipe.
- Monitor the Strategy: Continuously track the index movement, resistance levels, and P&L to decide when to adjust or exit the strategy.
Switching between multiple screens and tools for these steps not only slows down the process but creates room for errors—something no trader can afford.
The Chart 360 Advantage
Chart 360 streamlines strategy-based trading into a simple, efficient, and stress-free experience. Here’s how:
1. Integrated Analysis Tools
- Trend Analysis: Easily analyse the index trend using live charts.
- Open Interest on Charts: You can directly view OI data on the index chart to identify resistance and support levels without navigating away.
- Strike-Level Insights: Track relevant strikes directly on the chart for quick decision-making or open the option chain to get Greeks data.
2. Bulk Order Placement
- Traders can place multiple pre-defined orders with a single click using the bulk order placement option. For instance, selling a near OTM call and buying a far OTM call in one seamless step.
3. Monitor and Repair Strategies
- Once the strategy is executed, track everything from index movement to P&L on the chart itself.
- You can easily adjust or repair the strategy on the go. You can also update stop losses, targets, or hedge positions—all from a single screen.
4. One-Click Exit
- In volatile market conditions, exit all positions in your strategy instantly with the exit-all option, ensuring better control over risk and profit.
Real-Life Example: Bear Call Credit Spread
Imagine you spot a bearish trend on the index and resistance at a certain level through the OI chart. With Chart 360, you can:
- Sell a call option with a strike price at the resistance level.
- Hedge the position by buying a call option two strikes above.
- Execute both orders in one click using the bulk order placement feature.
- The chart shows the index movement, P&L, and strategy behaviour. You can update your positions or exit all trades with a single tap if adjustments are needed.
The Bottom Line
Chart 360 transforms strategy-based trading into a fast, intuitive, and seamless process. By combining advanced analysis tools, bulk order placement, and on-the-go strategy management, it empowers traders to make smarter decisions with less effort.
Whether you’re executing a complex spread or a straightforward hedge, Chart 360 ensures that you’re always in control, even in the most dynamic market conditions.